Gaming
PAGCOR STRENGTHENS REGULATIONS VS. ILLEGAL OFFSHORE GAMING ACTIVITIES
As part of the inter-agency effort to curb all illegal offshore gaming activities within the Clark Freeport Zone in Pampanga, the Philippine Amusement and Gaming Corporation (PAGCOR) joined the newly created Clark Security Advisory Council.
During the press conference for the launching of the new Council on June 9, 2023, PAGCOR Assistant Vice President for Offshore Gaming Licensing Atty. Jessa Fernandez announced that that it will impose stricter sanctions to all erring licensed offshore gaming operators and accredited service providers.
As part of these sanctions, Atty. Fernandez mentioned that those who will be found allowing other entities to use the licenses or accreditation given to them, will be subjected to a hefty penalty including the cancellation of their licenses or accreditation.
Meanwhile, Clark Development Corporation (CDC) President and Chief Executive Officer Agnes Devanadera stated that the CDC Board approved the recommendation of the CDC management to halt processing of new lease or sub-lease applications by offshore gaming operators.
“The CDC will no longer process or approve the operation of any incoming overseas gaming, even if they already have license from PAGCOR,” she stated.
At present, PAGCOR has four remaining accredited service providers and one licensed offshore gaming operator inside the Clark Freeport Zone.
Prior to the launch of the creation of the Clark Security Council, PAGCOR has cancelled the provisional accreditation of Sun Valley Clark as an offshore gaming hub within the Clark Freeport Zone for its failure to ensure a lawful and orderly conduct of offshore gaming by its occupants in its registered sites.
PAGCOR likewise cancelled the accreditation of CGC Technologies, an offshore gaming service provider based in Pampanga after the company was embroiled in various allegations including credit card fraud, serious illegal detention, and human trafficking activities.
-
Compliance Updates7 days ago
Warren Jacobs joins BetComply board
-
Latest News6 days ago
21VIRAL INTEGRATES EXPANSE STUDIOS GAMES
-
eSports6 days ago
Abios powers upcoming gaming media platform Apollo with in-play statistics for League of Legends
-
Latest News6 days ago
Veikkaus signs partnership agreement with the Finnish Ice Hockey Association
-
Asia6 days ago
JETSYNTHESYS WELCOMES GOPAL SRINIVASAN, MADHUSUDANAN R, AND ARJUN SANTHANAKRISHNAN AS CHENNAI FRANCHISE OWNERS FOR GLOBAL E-CRICKET PREMIER LEAGUE SEASON 2
-
Australia6 days ago
Regulating the Game Announces its Latest Addition to its 2025 Masterclass Series in Sydney
-
Asia3 days ago
Government support, medals, and global recognition define a landmark year for Indian esports and video gaming in 2024
-
Compliance Updates6 days ago
Advertising Standards Authority Partners with Grambling Regulatory Authority of Ireland